Texas to Receive $1.88 Billion Power Plant Investment A significant investment in Texas' energy infrastructure is underway with the planned construction of a 1,350-megawatt natural gas power plant in Ward County. Competitive Power Ventures has been granted a substantial loan from the Texas Energy Fund to develop the BasinRanch facility, which is slated to begin supplying electricity to the ERCOT grid in 2029 and will become a major source of dispatchable power within the region upon completion, bolstering the state's energy landscape with dependable power generation.

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